Top of mind CFO technology issues

As chief financial officers (CFOs) assume more responsibility for information technology (IT) investments and strategies, they encounter new operational challenges.

RSM and CFO.com recently partnered on a survey of finance executives to evaluate two key technology issues that CFOs must solve: addressing IT talent shortages and leveraging cloud technologies to enable effective digital transformation.

While many companies utilize outsourcing strategies for cost efficiencies, managed IT services solutions have matured significantly, providing more strategic benefits that can help better manage staffing issues. Moreover, organizations are now realizing the full potential of the cloud, migrating basic IT functions as well as higher-value analytics and decision-making platforms. The infographic below uses survey data to present several key insights into these trends and ongoing challenges.

In addition, expanded e-book provides more about the survey findings and how finance executives can manage these critical issues and lead digital transformation initiatives.

The CFO's growing technology role

CFOs are seeking solutions to address IT talent gaps and effectively leverage cloud computing strategies.

The impact of the labor shortage and the cloud

The IT talent shortage has created many issues, and organizations are implementing cloud solutions for many key areas of the business.

Current challenges

The lack of IT talent directly affects several key business functions, and companies see multiple potential risks with a cloud transition.

Potential outsourcing and cloud opportunities

However, outsourcing strategies and cloud technologies can provide significant value and more extensive IT capabilities. 

Leveraging an effective outsourcing and cloud strategy

CFOs are generally comfortable with utilizing experienced managed services providers and external resources for many stages of a complete cloud strategy.

Download our e-book by completing this form. Learn more about the survey findings and how finance executives can manage these critical issues and lead digital transformation initiatives.